By Niamh Michail 29­Jun­2015 Related topics: Chocolate and confectionery ingredients, Fats & oils, Fruit, vegetable, nut ingredients, Market Trends, Confectionery El Niño 2015 is underway and set to hit wheat, coffee and sugar cane production leading to volatile prices, warns a Rabobank report. With buffer stocks for these commodities at ‘comfortable levels’, some of the impact of a particularly strong El Niño would be buffered ­ but not completely shielded from fundamental and speculative influences. This also held for soy oil and palm oil, the report said. While 'meaningful' climate disruptions had yet to be observed, Rabobank warned that key drivers of the phenomenon – such as a rise in sea surface temperatures – would intensify from September to November. The National Oceanic and Atmospheric Administration (NOAA) has predicted a strong event for 2015. Wheat Australian wheat production ­ accounting for 12% of global wheat exports ­ was one of the most at­risk commoditie…